Heineken may buy Czech brewer

7th August 2007, Comments 0 comments

7 August 2007, PRAGUE (AP) - Heineken received the green light to take over one of the oldest Czech beer brands, the Royal Brewery of Krusovice, a statement from the anti-trust office said Tuesday.

7 August 2007

PRAGUE (AP) - Heineken received the green light to take over one of the oldest Czech beer brands, the Royal Brewery of Krusovice, a statement from the anti-trust office said Tuesday.

The Dutch brewing giant currently operates on the Czech market through its Austrian subsidiary Brau-Union AG and is buying Krusovice from Germany's Radeberger Gruppe KG.

Krusovice, founded in 1517, accounts for about 3 percent of domestic beer sales and brews some of the oldest Czech brands such as Krusovice light and dark lagers.

Heineken will boost its total market share of the Czech market to 8 percent. No financial details of the transaction were released.

[Copyright AP 2007]

Subject: Dutch news

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